How to Buy Westlake Stock
Westlake Corp
Westlake is a specialty chemical company located in Texas, United States, which is part of the Basic Materials sector, and is traded under the ticker WLK on the NYSE exchange.
Westlake stock last closed at $148.94, up 0.24% from the previous day, and has increased 25.32% in one year. It has overperformed other stocks in the Specialty Chemicals industry by 0.17 percentage points. Westlake stock is currently +44.22% from its 52-week low of $103.28, and -8.42% from its 52-week high of $162.64.
At the moment, there are 128.22M WLK shares outstanding. The market capitalization of WLK is $19.10B. In the past 24 hours, 494,656 WLK shares were traded.
How to Buy Westlake Stock
Not sure how to invest in Westlake stock? Here's how.
- Choose where to buy Westlake stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you figure out where to buy Westlake stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your investment account: Choose your payment method and add your details.
- Analyze Westlake stock: The Westlake ticker symbol is WLK. Is Westlake stock a good investment? Should you buy shares of WLK? How do WLK's underlying business fundamentals look? Do top analysts think Westlake is a good buy? Why has WLK's stock price moved recently? (Hint: Our stock market analysis website can help you understand if WLK is a good stock to buy).
- Place your WLK buy order: Decide if you will purchase WLK shares at the current market price or use a limit order to purchase WLK stock at a given price.
- Get updates on your WLK investment: Create a watchlist to important updates regarding your investment in Westlake shares.
Step 1: Choose where to buy Westlake stock
You will need an online brokerage account to access the NYSE market and buy WLK shares.
Our recommended brokerage: eToro
Based on our research, eToro is the best brokerage. eToro gives you:
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked the best brokerage, the next step is to fill out some personal information so you can invest in WLK stock today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to create your new trading account.
- Submit your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have opened your account on the best stock market app for beginners, you can securely and quickly fund your account:
Check out the tutorial below if you need help transferring money into your new investment account.
Step 4: Analyze Westlake stock
After you have figured out the best place to buy Westlake stock, it's important to analyze their stock prior to investing, so you actually comprehend the risk as well as the opportunity.
Westlake quick stats
WLK Overview
WallStreetZen was created to help everyday investors do more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on WLK's stock page.
Is WLK stock undervalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge WLK's intrinsic value.
Using relative valuations ratios:
- WLK could be overvalued based on its P/E ratio of 39.93x, relative to Specialty Chemicals industry P/E ratio of 30.51x
- WLK may be undervalued based on its P/B ratio of 1.86x, relative to Specialty Chemicals industry P/B ratio of 3.36x
- WLK may be undervalued based on its PEG ratio of 0.24x
You can access more valuation research on WLK's stock here.
WLK Financial Health Overview
Positive Health Checks:
- There are more short-term assets than short-term liabilities on the WLK balance sheet.
- WLK's operating cash flow of $2.34B allows it to safely service it's debt of $5.52B.
Negative Health Checks:
- Total WLK debt is higher than 5 years ago, relative to shareholder equity.
- There are more long-term liabilities than short-term assets on the WLK balance sheet.
- WLK profit margin has gone down from 14.2% to 3.8% in the past year.
- WLK earnings of $822.00M is not sufficient to cover its interest payments.
- WLK has a relatively high debt to equity ratio of 1.
Do analysts think it's a good time to buy WLK stock
Out of 8 Wall Street analysts who give recommendations on WLK, the consensus analyst rating on Westlake is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they financial advice.
Latest WLK Analyst Upgrades/Downgrades
Arun Viswanathan, a bottom 8% analyst from RBC Capital maintains WLK with a hold rating and lowers their WLK price target from $139.00 to $134.00, on Feb 26, 2024.
Joshua Raskin, a top 38% analyst from UBS maintains WLK with a hold rating and raises their WLK price target from $139.00 to $145.00, on Jan 11, 2024.
Charles Neivert, a bottom 3% analyst from Piper Sandler maintains WLK with a strong buy rating and raises their WLK price target from $144.00 to $150.00, on Nov 20, 2023.
You can dig deeper into what analysts are forecasting on the Westlake stock forecast page.
Metrics for Advanced WLK Traders
Is WLK Making Money?
Last year, WLK earnings were $479.00M. In the past five year, WLK's earnings have gone up by -13.4% per year. This was slower than the Specialty Chemicals industry average of 6.57%.
Last year, WLK revenue was $12.55B. Over the past 5 year, WLK's revenue has grown by 7.76% per year. This was slower than the Specialty Chemicals industry average of 9.42%.
Dive into WLK's earnings and revenue performance here.
Are WLK executives and large shareholders buying or selling the stock?
Over the last 12 months, executives and large shareholders at WLK have sold more shares than they have bought.
Johnathan Stevan Zoeller, VP and CAO of WLK, was the latest WLK insider to sell. They sold $98,921.21 worth of WLK stock on Mar 21, 2024.
Dig into more about who owns WLK stock here.
Can I rely on WLK as an income stream?
Westlake pays a dividend of 1.25%, compared to the Specialty Chemicals industry's average dividend yield of 3.44%. If you owned $1,000 of WLK stock, you would have received $12.47 in the past 12 months.
Westlake dividend payments have consistently grown over the past decade and have remained stable.
Find more analysis about Westlake dividend yield and history here.
Get opinions from other traders
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Place your WLK buy order
There are two main options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly fine for most investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a particular price limit, use a limit order.
Press the Open Trade button and eToro will execute your order.
If you want more help with investing in stocks on eToro, click the helpful video below:
Step 6: Get updates on your WLK investment
Now that you own some shares in WLK, you'll want to keep up with your investment.
Add WLK to a watchlist to see the latest developments about your WLK stock.
WLK Feed
How to Buy Stock in Westlake
To reiterate, here are the 6 steps for buying Westlake stock:
- Choose where to buy Westlake stock
- Sign up for a brokerage account
- Fund your investment account
- Analyze Westlake stock
- Place your WLK buy order
- Get updates on your WLK investment
If you are looking for a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get notifications regarding your investment in Westlake, create a watchlist today.
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